RGA vs. MU

Last updated Jul 11, 2026

RGA (Reinsurance Group of America, Incorporated) and MU (Micron Technology, Inc.) are both stocks. RGA operates in Insurance - Reinsurance (Financial Services), while MU operates in Semiconductors (Technology). Over the past 10 years, RGA returned 11.40%/yr vs 54.18%/yr for MU. At a 0.33 correlation, their price movements are largely independent.

Performance

RGA vs. MU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Reinsurance Group of America, Incorporated (RGA) and Micron Technology, Inc. (MU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RGA achieves a 14.83% return, which is significantly lower than MU's 243.32% return. Over the past 10 years, RGA has underperformed MU with an annualized return of 11.40%, while MU has yielded a comparatively higher 54.18% annualized return.

RGA

• 1D: 0.29%
• 1M: 12.35%
• 6M: 15.97%
• YTD: 14.83%
• 1Y: 21.33%
• 3Y*: 19.97%
• 5Y*: 17.91%
• 10Y*: 11.40%

MU

• 1D: -1.24%
• 1M: -1.65%
• 6M: 183.94%
• YTD: 243.32%
• 1Y: 687.66%
• 3Y*: 149.71%
• 5Y*: 66.39%
• 10Y*: 54.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RGA vs. MU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RGA Reinsurance Group of America, Incorporated	14.83%	-2.97%	34.38%	16.39%	33.04%	-3.21%	-27.02%	18.29%	-8.71%	25.59%
MU Micron Technology, Inc.	243.32%	240.24%	-0.96%	71.93%	-45.93%	24.21%	39.79%	69.49%	-22.84%	87.59%

Correlation

The correlation between RGA and MU is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Sep 12, 2008	0.33

The correlation between RGA and MU shifts across timeframes, from -0.11 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap RGA : $15.14B MU : $1.11T
EPS RGA : $20.15 MU : $44.42
PE Ratio RGA : 11.47 MU : 22.05
PEG Ratio RGA : 0.43 MU : 0.08
PS Ratio RGA : 0.57 MU : 12.33
Total Revenue (TTM) RGA : $18.13B MU : $90.27B
Gross Profit (TTM) RGA : $3.15B MU : $65.51B
EBITDA (TTM) RGA : $1.46B MU : $44.96B

Return for Risk

RGA vs. MU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RGA

RGA Risk / Return Rank: 71
RGA Sharpe Ratio Rank: 72
RGA Sortino Ratio Rank: 67
RGA Omega Ratio Rank: 65
RGA Calmar Ratio Rank: 74
RGA Martin Ratio Rank: 75

MU

MU Risk / Return Rank: 99
MU Sharpe Ratio Rank: 100
MU Sortino Ratio Rank: 99
MU Omega Ratio Rank: 98
MU Calmar Ratio Rank: 100
MU Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RGA vs. MU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Reinsurance Group of America, Incorporated (RGA) and Micron Technology, Inc. (MU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RGA	MU	Difference
Sharpe ratio: Return per unit of total volatility	0.84	9.29	-8.45
Sortino ratio: Return per unit of downside risk	1.33	5.41	-4.08
Omega ratio: Gain probability vs. loss probability	1.16	1.69	-0.53
Calmar ratio: Return relative to maximum drawdown	1.58	23.23	-21.65
Martin ratio: Return relative to average drawdown	3.78	83.25	-79.47

RGA vs. MU - Sharpe Ratio Comparison

The current RGA Sharpe Ratio is 0.84, which is lower than the MU Sharpe Ratio of 9.29. The chart below compares the historical Sharpe Ratios of RGA and MU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RGA vs. MU - Drawdown Comparison

The maximum RGA drawdown since its inception was -65.75%, smaller than the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for RGA and MU.

Drawdown Indicators

	RGA	MU	Difference
Max Drawdown Largest peak-to-trough decline	-65.75%	-98.25%	+32.50%
Max Drawdown (1Y) Largest decline over 1 year	-12.68%	-30.28%	+17.60%
Max Drawdown (3Y) Largest decline over 3 years	-27.11%	-57.63%	+30.52%
Max Drawdown (5Y) Largest decline over 5 years	-27.11%	-57.63%	+30.52%
Max Drawdown (10Y) Largest decline over 10 years	-65.75%	-57.63%	-8.12%
Current Drawdown Current decline from peak	0.00%	-19.29%	+19.29%
Average Drawdown Average peak-to-trough decline	-11.64%	-58.07%	+46.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.30%	8.43%	-3.13%

Volatility

RGA vs. MU - Volatility Comparison

The current volatility for Reinsurance Group of America, Incorporated (RGA) is 6.22%, while Micron Technology, Inc. (MU) has a volatility of 33.63%. This indicates that RGA experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RGA	MU	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.22%	33.63%	-27.41%
Volatility (6M) Calculated over the trailing 6-month period	17.21%	62.19%	-44.98%
Volatility (1Y) Calculated over the trailing 1-year period	23.85%	75.68%	-51.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.67%	54.75%	-27.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.90%	50.65%	-17.75%

Dividends

RGA vs. MU - Dividend Comparison

RGA's dividend yield for the trailing twelve months is around 1.80%, more than MU's 0.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MU Micron Technology, Inc.	0.05%	0.16%	0.55%	0.54%	0.89%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RGA Reinsurance Group of America, Incorporated	1.80%	1.79%	1.63%	2.04%	2.15%	2.61%	2.42%	1.59%	1.57%	1.17%	1.24%	1.64%

Financials

RGA vs. MU - Profitability Comparison

The chart below illustrates the profitability comparison between Reinsurance Group of America, Incorporated and Micron Technology, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

RGA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Reinsurance Group of America, Incorporated reported a gross profit of 0.00 and revenue of 6.49M. Therefore, the gross margin over that period was 0.0%.

MU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Micron Technology, Inc. reported a gross profit of 35.06B and revenue of 41.46B. Therefore, the gross margin over that period was 84.6%.

RGA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Reinsurance Group of America, Incorporated reported an operating income of 441.00K and revenue of 6.49M, resulting in an operating margin of 6.8%.

MU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Micron Technology, Inc. reported an operating income of 33.31B and revenue of 41.46B, resulting in an operating margin of 80.4%.

RGA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Reinsurance Group of America, Incorporated reported a net income of 331.00K and revenue of 6.49M, resulting in a net margin of 5.1%.

MU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Micron Technology, Inc. reported a net income of 28.24B and revenue of 41.46B, resulting in a net margin of 68.1%.

Frequently Asked Questions

Can I hold both RGA and MU in my portfolio?

RGA and MU have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RGA or MU?

MU has higher volatility (33.63%) compared to RGA (6.22%). In terms of maximum drawdown, RGA dropped -65.75% vs MU's -98.25%.

Which has better risk-adjusted returns?

MU currently has the higher Sharpe Ratio (9.29 vs 0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.